This document discusses human resource accounting and the value of human resources. It begins by asking what value human resources provide in an organization. It then provides definitions of human resource accounting as quantifying the costs and value of employees. Key points made include that human resource accounting involves identifying and reporting investments made in employees, including training costs. Models are discussed for calculating the cost of human resources as well as their future value based on earnings and age. Examples are given of calculating costs and future values. The importance of human resource accounting is that it allows for better decision making regarding training, manpower planning, and motivation of employees.